Legal Opinion
Nickell v. IAG Federal Credit Union
Court of Appeals of Georgia
Decided June 9, 1994No. A94A0700PublishedCited by 7 opinions
1Opinion of the Court
Beasley, Presiding Judge.
In this appeal from a grant of summary judgment, appellant has the benefit of all favorable evidentiary inferences.
Nickell had a revolving credit loan from IAG secured by shares of IBM stock. Under the loan agreement, IAG had the right to liquidate the stock unilaterally when Nickell was in default and Nickell could not sell the shares without IAG’s permission. In October 1987 changes in the value of the stock resulted in the loan being undercapitalized, and IAG sent Nickell a letter on October 27 informing him of this fact. The letter stated that Nickell must take…
2Cases cited7 opinions
- Grace v. Sterling, Grace & Co.Appellate Division of the Supreme Court of the State of New York · 1968
- Lake Tightsqueeze v. Chrysler First Financial Services CorporationCourt of Appeals of Georgia · 1993
- Federal Deposit Insurance v. Frank L. Marino Corp.Appellate Division of the Supreme Court of the State of New York · 1980
- Valashinas v. KoniutoNew York Court of Appeals · 1954
- Joab Commercial Laundries Inc. v. ReederAppellate Division of the Supreme Court of the State of New York · 1990
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Simpson Consulting, Inc. v. Barclays Bank PLCCourt of Appeals of Georgia · 1997
- W. R. Grace & Co.-Conn. v. Taco Tico Acquisition Corp.Court of Appeals of Georgia · 1995
- F & W Agriservices, Inc. v. UAP/Ga. Ag. Chem., Inc.Court of Appeals of Georgia · 2001
- Presidential Financial Corp. v. Francis A. Bonanno, Inc.Court of Appeals of Georgia · 2000
- Parker v. Peaceful Valley Property Owners Ass'nSupreme Court of Georgia · 1999
2 more not listed; retrieve them via the Exa API.